Weekly Newsletter Newsletter-Agri Commodity 20/09/2010
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Weekly News Letter-Agri Contents Market Wrap Chana Turmeric Jeera Pepper Technical Analysis Chana Turmeric Jeera Pepper
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MARKET WRAP CHANA Chana futures are expected to remain under pressure on the reports of higher sowing acreage under Kharif Pulses. Higher stock of chana in the market and poor buying interest in the spot market also kept the market in red. Decline in price of other pulses due to fresh arrivals had a spillover effect on the chana market.
TURMERIC. Lower arrivals at the domestic mandi coupled with expected demand from local buyers will keep turmeric prices firm for the next week. Prices are likely to take cues from stocks of turmeric in India and demand from overseas and domestic buyers.
JEERA Global shortage coupled with the higher prices for Syrian and Turkey Jeera boosted the demand for Indian Jeera, NCDEX accredited warehouses jeera stocks rose 56 tonnes to 5360 tonnes.
PEPPER Price trend will be determined by the fresh trades placed by the domestic and overseas buyers. Price quotes offered by Indonesia in the international market for its Pepper will also determine the domestic price trend.
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TECHNICAL VIEW CHANA WEEKLY PIVOT SCRIPT CHANA
R4 2459
R3 2349
R2 2239
R1 2170
P 2129
S1 2060
S2 2019
S3 1909
S4 1799
OUTLOOK Trend: - Bearish Resistance: - 2135, 2250 Support: - 2090, 1940 Strategy: - Sell on highs CHANA WEEKLY
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TURMERIC WEEKLY PIVOT SCRIPT TURMERIC
R4 16346
R3 14948
R2 13550
R1 12702
P 12152
S1 11304
S2 10754
S3 9356
S4 7958
OUTLOOK Trend: - Consolidate Resistance:- 12960, 13400 Support:- 11720, 11260 Strategy: - Buy on dips TURMERIC WEEKLY
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JEERA WEEKLY PIVOT SCRIPT JEERA
R4 16076
R3 15318
R2 14560
R1 14122
P 13802
S1 13364
S2 13044
S3 12286
S4 11528
OUTLOOK Trend:- Consolidate Resistance:- 14470, 14765 Support: - 13720, 13350 Strategy:- Buy on dips JEERA WEEKLY
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PEPPER WEEKLY PIVOT SCRIPT PEPPER
R4 25294
R3 23583
R2 21872
R1 20834
P 20161
S1 19123
S2 18450
S3 16739
S4 15028
OUTLOOK Trend:- Consolidate Resistance:- 21360, 21830 Support: - 19470, 18675 Strategy:- Buy on dips PEPPER WEEKLY
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